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| leveraging with cmhc, help |  | ||
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Posted by: mike.g 05/08/2005, 21:18:01 Edit |
well i have been looking to refi some proerties. one lender is really trying to sell me on going 85% ltv and using CMHC insurance. well the interest rate is lower over the term of the mortgage but its 20k in fees per property. the money will be used to buy more property but my level of leverage by the time the fees are added is 90% on the properties at new appraised value. the extra 10% that the bank will give me using CMHC will enable me to a couple more small multi units. is my fear of high leverage unfounded. maybe just do the 75% ltv and make a smaller purchase. lets hear what the other investors think about leverage.
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